ORA

Over the past six months (April 2026 - October 2026), Ormat Technologies' stock (ORA) experienced several notable events: Q1 2026 earnings reported record first-quarter revenue, up 75.8% year-over-year, primarily driven by its Energy Storage and Product segments, exceeding analyst estimates by 16%, though EPS missed by 26%. Q2 2026 earnings showed a 10.6% increase in second-quarter revenue, reaching $258.8 million, with gross profit rising by 20.8% and adjusted EBITDA increasing by 6.9%; EPS of $0.50 beat analysts' consensus estimates, and the Energy Storage segment showed significant growth. Following its Q2 earnings announcement on August 5, 2026, ORA shares gained 9.6% the next day, but the stock has since drifted lower, declining 17.4% in the 64 days following the earnings release, trading near the lower end of its 52-week range as of October 10, 2026. On October 1, 2026, UBS downgraded Ormat Technologies to "Neutral" from "Buy" and reduced its price target to $100 from $157, citing limited earnings upside potential through 2028 and valuation multiples being in line with peers after Ormat revised its 2028 adjusted EBITDA run-rate guidance. On September 24, 2026, Ormat announced it was selected by the U.S. Department of Energy (DOE) for up to approximately $35 million in funding to advance an Enhanced Geothermal Systems (EGS) project in Nevada and hydrothermal geothermal development in Utah. In June 2026, Ormat launched the Ormega100, a new surface power generation unit designed for higher output in advanced geothermal systems. In February 2026, Ormat signed a long-term agreement to supply 150 megawatts of geothermal power to Google data centers. In January 2026, Ormat signed a 20-year Power Purchase Agreement (PPA) with Switch for approximately 13MW of carbon-free geothermal capacity from its Salt Wells power plant.